TJG Commercial Blog

2009-07-06T13:14:00.001-05:00

Good reason commercial real estate representation necessary in lease language http://ping.fm/aWskZ

Commercial Real Estate Online Forum

2009-07-05T06:43:00.004-05:00

Join our Commercial Real Estate Online Community...

2009-07-01T16:25:00.001-05:00

TJG Commercial Monthly update
http://ping.fm/19UiA

2009-06-30T11:07:00.001-05:00

Good article for buyers. Simplified for commercial real estate buyers, yet applicable.
http://ping.fm/11gdV

2009-06-24T12:32:00.001-05:00

is setting up office/retail space viewing appointments for business owners to find the right real estate for their business functions

2009-06-16T18:28:00.001-05:00

Chicagoland Commercial Real Estate: a discussion forum on the market. Become a fan today!http://ping.fm/fA1s1

2009-06-15T11:27:00.001-05:00

is closing bank-owned commercial properties.
http://ping.fm/0C1t7

2009-06-11T14:16:00.001-05:00

TJG Commercial Endorsed by Mark Suda, Owner TechHeroes, Inc and Sutoer Solutions:
http://ping.fm/3irkL

2009-05-26T16:33:00.001-05:00

It's a tenant's market. Review the business terms of your lease.
http://ping.fm/9I8zk

2009-05-20T05:59:00.001-05:00

SBA Expands Eligibility for 7(a) Loans to Spur Recovery Opportunities for
Small Businesses

http://ping.fm/Tf4NO

2009-05-19T11:48:00.001-05:00

TJG Commercial: Commercial Real Estate Quarterly Newsletter: http://ping.fm/xYZze

2009-05-14T15:27:00.003-05:00

@LinkedIn How do you find a good commeral real estate agent? http://ping.fm/7xUpu

2009-05-14T15:27:00.001-05:00

@facebook How do you find a good commeral real estate agent? http://ping.fm/vaWyO

How do you find a good commercial real estate agent to work with?

2009-05-14T15:07:00.001-05:00

Good commercial real estate agents are hard to come by. And a referral is a great start. But, the business owner looking for commercial real estate agent needs to take the next step and define a set of criteria that will help in laying the foundation for a constructive working relationship. Those criteria should include:

1. Advocating for your business needs
2. Depth and Breadth of commercial real estate experience
3. Local connection – someone who knows the commercial real estate market
4. Capabilities of the Firm and they type of support they can provide

Finally, by interviewing the commercial real estate agent, you’ll find someone you like and can work with; someone that will be straight about the different choices and then lets you, the business owner, makes the final decision.

2009-04-30T09:59:00.001-05:00

Commercial tenant lease review and market analysis
http://ping.fm/ztDZi

Commercial Real Estate Assessments

2009-04-30T09:43:00.003-05:00

A commercial real estate assessment can consist of a commercial tenant lease review and a commercial market analysis.

The commercial tenant lease review is a review of the business terms of your commercial tenant lease. It looks for the inconsistencies between lease payments and actual charges. It can find items mistaken by the landlord and tenant. Finally the lease review checks if you've overpaid your estimated expenses.

The commercial market analysis defines potential commercial trade areas for your business. Assesses the general number of business in the trade area. It identifies the commercial building opportunities in the trade area. And finally, general demographics of the trade area are described.

2009-04-21T15:45:00.001-05:00

Completed a commercial market analysis for a Med Spa. Does your business need one? http://ping.fm/R8bjC

2009-04-12T05:58:00.001-05:00

Ken Kaplan left a new comment on post "What are the most crucial commercial Real Estate Questions" http://ping.fm/W9utt

2009-04-12T05:38:00.001-05:00

To all who are celebrating the Holidays this weekend: Happy Easter and a blessed Passover.

2009-04-09T19:28:00.001-05:00

Wants to know what are the most crucial commercial real estate questions?

Stimulus Reaching Out to the Business Owner

2009-03-24T04:41:00.006-05:00

The Business section of the Chicago Tribune yesterday printed on its front page "Big Plans for SBA funds". That is great news to the entrepreneurial business owner.

Not only that, a few days ago, the director of business development at Union National Bank sent me an eblast whereby SBA reduced fees by 63%. That's pretty steep. Furthermore, according to our conversation, SBA loans are becoming more and more popular due to the fact that entrepreneurs conserve working capital - there's a 10% down payment; the SBA finances 40% and the participation bank takes on 50%. The risk is parlayed amongst 3 different entities.

One could complain that this could have come down the pike a bit earlier. But the point is that it is hear, today and available.

If you were a Commercial Real Estate buyer, what kind of discount would you expect

2009-03-13T17:27:00.002-05:00

If you were a Commercial RE buyer, what kind of discount would you expect

http://polls.linkedin.com/p/27116/wetsf

click on the link and let us know

Preschoolers Reflect on Lithuanan Independence

2009-02-27T06:15:00.003-06:00

Lithuanians commemorate spring, not only as a time of renewal, but also a time for reflection on its tumultous path to independence. Preschool Children at the Suburban Lithuanian Montessori School „Žiburėlis" in Lemont, IL, and their teachers experienced a day of reflection in February supported in part by the generosity of the Chicagoland Lithuanians Rotary Club.

On Tuesday, February 17th, the preschool children observed Lithuania's independence. They were dressed in the traditional lithuanian costume. The teachers facilitated discussions about the Lithuanian national flag and coat of arms. The children sang traditional songs and poems taught by their teachers. This experience was shared with some of the members of the Chicagoland Lithuanians Rotary Club, Saulius Janusiunas, club president, Sarunas Griganavicius, club treasurer and Egle Vasiliauskiene, club school committee chairperson, as well as the District Govenor Michael Slevnik from Rotary International District 6450.

The Suburban Lithuanian Montessori School „Žiburėlis" received support from the Chicagoland Lithuanians Rotary and Rotary International District 6450 through the Rotary International District 6450 District Simplified Grant. This grant made possible the purchase of school desks, cabinets and montessori activities.

The Chicagoland Lithuanians Rotary club meets in Westmont, IL and is a group of business men and women dedicated to philanthropy. This club was chartered in 2007 and currently has over 25 members.

Suburban Lithuanian Montessori School „Žiburėlis" is a non-profit preschool for children, ages 3-6 years. It is a unique school that offers a full immersion school in Lithuanian Monday through Friday. Its mission is to foster a child’s development using the Montessori method, as well as teach the Lithuanian culture, language and traditions. To learn more about the Suburban Lithuanian Montessori School „Žiburėlis" go to http://www.ziburelis.org/.

What is the upside to a down economy for business owners?

2009-02-26T15:51:00.000-06:00

http://polls.linkedin.com/p/24516/xjneu

Click on the aforementioned linkedin poll to voice your thoughts!

The Business Owner’s Upside to a Down Economy: Commercial Real Estate

2009-02-25T13:59:00.003-06:00

I just read in the Business Ledger that business owners who lease or buy commercial property can leverage the economy to improve their #1 expense line item after payroll. The bottom line is that the tenant or buyer has an advantage given the turmoil the landlord/seller is experiencing. Landlords are not receiving rent and losing tenants to bankruptcy. Sellers are seeing their property values drop considerably and are looking to short-sale prior to foreclosure.

Seemingly, there is hope for the tenant and buyer. I have always been a proponent of having the business owner’s rights represented. And in today’s economy, appropriate commercial real estate representation is crucial. From the tenant’s vantage point, the lease agreement can make or break a business. There are clauses within every lease, such as termination options (the ability to terminate a lease prior to the lease end date), holdover clauses (lease ends, rent increases at the option of the landlord until a renewal lease is set in place), that the typical business owner may only glance over or overlook. It is the responsibility of the tenant rep to make sure the interests of the business owner are represented and those items negotiated in order to protect the interest of the tenant.

Commercial real estate buyers are looking for a sound analysis of the market. It is the responsibility of the commercial real estate broker to bring to the buyer’s attention the vacancy rates and more importantly the net absorption rate of space. In other words, how much space is available and how quickly can it get filled; this is typically a direct relationship to the asking rent of the project.

In today’s economy, the savvy business owner understands that knowledge is crucial in surviving this recession; and the knowledgeable commercial real estate broker is an invaluable asset as part of the business owner’s team.